Quintessentially Estates

We’re pleased to have supported CEO, Penny Mosgrove, to complete the management buyout (MBO) of the real estate arm of Quintessentially, a high-profile luxury concierge company.

Quintessentially Group, founded over 20 years ago, has an annual revenue of £75million and a global workforce of 500. The group has several divisions underpinned by a concierge service for high-net-worth individuals. Quintessentially Estates buys, sells, rents and manages luxury properties in areas including London, Monaco, New York and Los Angeles, acting on behalf of high-net-worth individuals, entrepreneurs, and celebrities.

Penny Mosgrove, hailing from the North East, has led the successful growth of Quintessentially Estates as Chief Executive Officer over the past seven years and enlisted the support of our Corporate Finance team to complete the buyout.

Our Corporate Finance team led by Partner Phil Williams delivered this deal to completion, whose expertise in M&A, financial structuring and intellectual property was key to a successful outcome. Under Penny’s ownership, Quintessentially Estates will continue to work closely with the Quintessentially Group and its exclusive client list.

Phil Williams, Partner at FRP Corporate Finance, said: “We have been delighted to work with Penny and Quintessentially to deliver a successful transaction. This deal assists the group with their ongoing strategy and creates an exciting platform for the Estates business to grow and thrive across its worldwide network.”

Penny Mosgrove, Chief Executive Officer at Quintessentially Estates, commented: “This is a natural progression for our business which will allow Quintessentially Estates to focus on delivering a first-class experience for our clients from all of our offices around the world, whilst continuing to be part of the Quintessentially family. It is an excellent deal for all involved and the support of outstanding advisers was essential in making it happen.”

Darren Ellis, Chief Executive Officer at Quintessentially Group, said: “This deal represents an important step in the Quintessentially strategy as we simplify and improve our corporate structures, in this case through a licensing agreement. The ‘Estates’ brand will continue to be an important part of the Quintessentially portfolio and I am looking forward to seeing the business thrive under Penny’s ownership.”

Mark Lazenby, Head of Corporate at Square One Law, said: “We are delighted to have supported Penny in this transaction. It seems a natural fit for all parties, allowing them to enjoy ongoing collaboration and for Penny to continue her dynamic leadership of Quintessentially Estates, but now under her sole stewardship. We look forward to seeing how the business develops in the future.”